Overview

The theory of two-sided markets, founded by the Nobel prize laureate of 2014 Jean Tirole, allows a deeper understanding of the specific market structure based on indirect network effects which is prevalent in numerous economic sectors - amongst others in the media, credit card and software sector. In this interdisciplinary work, economic research results are applied to European, German and American competition law. It is shown that the complexity and dynamics of two-sided markets not only increase the requirements for competitive analyses but also restrict the practical applicability of econometric methods as the SSNIP test. This causes considerable need to make adjustments in all areas of competition law; in numerous cases the dangers for market structure inherent to two-sided markets require a stricter application of competition law.

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9783848717392

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